How to Reduce Monthly Expenses and Pay off Debt

Cut Down Transportation Costs


-Use public transit

-Sell your car

-Take proper care of your car (oil checks, tires, etc…)

Control Your Debt

-Consider consolidating student loans

-Create automatic debt repayment plans

-Keep current on all bills

-Refinance house/ car

-Request credit card rate reductions

-Sell unnecessary items

-Transfer balance if possible to a 0% APR card

Reduce Energy Bills

-Air seal your house

-Invest in a programmable thermostat

-Reduce hot water heater temperature

-Replace old light bulbs with LED/ CFL bulbs

-Unplug electrical devices when not in use

-Use power strips

-Use timers

Decrease Entertainment Costs

-Cancel memberships you don’t need or don’t use every day

-Discover cheaper entertainment (ie. Netflix)

-Reduce or cancel your cable bill

-Reduce or eliminate unnecessary services

-Stop magazine/ newspaper subscriptions

Decrease Food Expenses

-Buy generic food when possible

-Consider building a small home garden

-Cook and bring lunch to work

-Purchase non-perishables in bulks

-Stop eating out/ take-out

-Take advantage of coupons

Reduce Insurance Bills

-Decrease homeowners insurance

-Increase your deductible amounts if you rarely make claims

-Research life insurance prior to signing up for anything

-Opt out for basic health insurance

-Shop around for auto insurance

Reduce or Eliminate Extras

-Discover cheaper child care options

-Reduce cell phone bill

-Reduce organized/ club child activities

-Relocate to a cheaper area

-Stop smoking/ drinking

-Stop outsourcing cleaning, laundry, grooming, etc…



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Fridlin & Associates, P.C. is a financial law firm for individuals and small businesses in metropolitan New York. If you or your business face a problem concerning bankruptcy, debt settlement, loan modification program, the sale and purchase of residential or commercial real estate, landlord/tenant disputes, enforcing your rights as a creditor, the sale and purchase of a business, or employment litigation, Fridlin & Associates stand ready to provide the solution that protects your best interests. We can help you: Eliminate Debt! Stop Foreclosure! File for Bankruptcy! Apply for a Loan Modification Program! Stop Wage Garnishment! Stop Lawsuits! Eliminate Judgments! Eliminate or Reduce the second mortgage on your home! Reduce the mortgage on your investment property to its fair market value! Eliminate your obligation to pay creditors and medical expenses! Eliminate business loans! Release Frozen Bank Accounts! Stop harassing phone calls! Please call 718-372-4400 today for a free consultation. We have appointments available Monday through Friday and your first visit is free. Fridlin & Associates, P.C., also provides legal representation on wage dispute matters under the Fair Labor Standards Act in both federal and state courts. Learn more about Elaine Fridlin and Fridlin & Associates here. If you’re interested in bankruptcy as a potential solution to your debt management problems, you can learn more about bankruptcy for both consumers and businesses here.

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